Energy Reports: Chesapeake Energy Corporation (CHK) & Utica’s Potential, Exxon Mobil Corporation (XOM) Settles Violations

Editor’s Note: Chesapeake Energy Corporation (NYSE:CHK), Exxon Mobil Corporation (NYSE:XOM)

Exxon agrees to $2.4M Louisiana settlement; wants Arkansas suit dismissed (Houston Business Journal)
Irving-based Exxon Mobil Corp. has agreed to pay $2.4 million in fines, improvements and other payments to settle violations at Baton Rouge, La.-area plants. The settlement is with the Louisiana Department of Environmental Quality. Roughly $2.3 million will resolve violations from 2008 to this year at four plants, including Exxon Mobil Corporation (NYSE:XOM)’s Baton Rouge refinery. The agency said that $61,912 is for the release of naptha in June 2012 at the Baton Rouge Complex. In Arkansas, Exxon has asked a judge to dismiss a federal lawsuit over the pipeline spill in Mayflower that spilled thousands of gallons of crude oil into a neighborhood.

Chesapeake Energy Corporation (NYSE:CHK)

Chesapeake Energy and its former CEO suggest huge Utica potential (Part 2) (Market Realist)
The Utica Shale is an emerging play located primarily in eastern Ohio and western Pennsylvania. The play gained publicity in late 2011, as Chesapeake Energy Corporation (NYSE:CHK) revealed that it had been purchasing acreage rights in the area. Aubrey McClendon was the former CEO of Chesapeake, but he recently left the company because investors were unhappy with his management. Since his departure, the former CHK head has lined up ~$1.2 billion in financing for investment in Ohio, according to an article in the Wall Street Journal. McClendon now heads a new company, American Energy Partners, which has acquired Ohio assets from EnerVest Ltd. and affiliate EV Energy Partners LP (EVEP) as well as Royal Dutch Shell (RDS.B).

Exxon officials: Unclear why pipeline ruptured despite passing 2010 inspection (Arkansas News)
Exxon Mobil Corporation (NYSE:XOM) officials on Monday defended the safety of pipelines as a means of transporting oil and said it is too soon to say why a pipeline that had passed inspections as recently as 2010 ruptured in Mayflower earlier this year. “If you look at our country, we have a large infrastructure of pipelines and we enjoy a standard of living and affordable energy as a population in America,” ExxonMobil Pipeline Co. Vice President Karen Tyrone said in an informal meeting with reporters at the state Capitol.

Interesting January 2015 Stock Options for CHK (Forbes)
Consistently, one of the more popular stocks people enter into their stock options watchlist at Stock Options Channel is Chesapeake Energy Corporation (NYSE:CHK). So this week we highlight one interesting put contract, and one interesting call contract, from the January 2015 expiration for CHK.The put contract our YieldBoost algorithm identified as particularly interesting, is at the $13 strike, which has a bid at the time of this writing of 45 cents. Collecting that bid as the premium represents a 3.5% return against the $13 commitment, or a 2.5% annualized rate of return (at Stock Options Channel we call this the YieldBoost).

UPDATE: Armed Robbery at Charlotte Hall Exxon (Southern Maryland News Net)
On August 25, 2013 at 2:27am, police units responded to the Charlotte Hall Exxon Mobil Corporation (NYSE:XOM) for the report of an armed robbery. Upon arrival deputies determined two subjects, one armed with an unknown type of handgun, demanded money from the clerk. The clerk complied and the suspects fled the business on foot with an undetermined amount of proceeds from the business. Sheriff’s Office K-9 units responded and conducted a track of the suspects. The track was subsequently lost in the area of the Arby’s Restaurant.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 9 Most Dangerous Countries for Tourists to Visit

Reign of Terror: The 10 Most Ruthless Politicians in History

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!